Mumbai, Feb. 10 -- Silver climbed past $32 per ounce on Monday, recovering from previous losses as strong industrial demand and supply deficits supported prices. Former US President Donald Trump announced a 25% tariff on steel and aluminum imports, effective today, with more tariffs expected in the coming days. German Chancellor Olaf Scholz warned that the EU would retaliate "within an hour" if US tariffs hit European goods, while China imposed countermeasures on select US exports. The escalating trade tensions boosted safe-haven demand for silver, adding to optimism over its growing use in the renewable energy sector.
Published by HT Digital Content Services with permission from Capital Market....